Via Ed Driscoll (via Memeorandum) comes this very, very telling graph of how bad the situation is right now for the newspaper industry. Alan Mutter provides a graphical description of how bad things have gotten. Two billion dollars in lost revenue in a single quarter.
Driscoll’s graph in video format is pretty much spot on. The buyout sex is just the icing on the cake.
The print media is almost dead now. As more and more people get their information from the internet, this is inevitable. But what I think – with no proof, mind you – is that the print media is also killing itself. They have become partisan to the extreme and people are getting fed up with it. That partisanship is skewed hard to the left and people are finding other sources of information.
They confused reporting the news with editorializing on the news. These are two, very different, things. People can tell the difference, despite the media’s blindness to this. I think it is coming home for them now.